Shiba Inu Price Action Sees SHIB Holders Looking To Alternatives For Big Gains

The Shiba Inu price has been crumbling in the past year, leaving SHIB holders nursing substantial losses. Investors who had pegged their hope on SHIB are now cutting their losses to reallocate capital to utility altcoins that promise better yields.

Let’s examine why the smart money is heading to Remittix (RTX), an upcoming crypto-to-fiat payment network tipped to return over 100x to investors.

Remittix is already up over 400%

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RTX’s journey to a 10,000% moonshot is already well underway. A few months after its debut in the ICO market, this new altcoin has hit a new high of $0.0757, a 400% upsurge from its $0.015 entry price.

Remittix’s cutting-edge cross-border payments solution is the main tailwind driving this massive gain. This Ethereum-based dApp features a crypto-to-fiat network that merges cryptocurrencies with local payment networks globally, enabling users to pay fiat to any bank using crypto.

The platform’s creative approach to weave the speed of crypto and the convenience of everyday payment apps helps eliminate the delays and extra costs synonymous with traditional cross-border payment channels.

Rather than waiting for 2-5 business days, users will be able to make near-instant transfers at a flat fee using a wide selection of 50+ crypto assets and over 30 fiat currencies on the Remittix dApp.

What’s more, this dApp operates just like a normal banking app, and the recipient gets a regular bank deposit without ever knowing it originated as a crypto payment.

With such solid PayFi features, it’s easy to see why market experts believe Remittix will rise into a dominant force in the massive $190 trillion cross-border settlements and remittance economy, sparking a 100x moonshot for RTX.

Shiba Inu price sinks over 45% yearly

The Shiba Inu price failed to exceed the $0.000033 zone during its Q4 rally last year and has been posting an underwhelming price action for months, revisiting the $0.00001 zone in its recent swing low.

Source: CoinMarketCap

As of press time, SHIB was trading with a 45% yearly loss and has been unable to blow through the $0.000015 resistance zone for nearly five weeks, sparking fears of a further drop. This has forced a growing number of SHIB investors to seek fresh investment opportunities for better gains.

Can the Shiba Inu price push up from here?

At current rates, the Shiba Inu price is over 73% down from last year’s high of $0.000045, making it appear downtrodden and undervalued. SHIB is also trading at the same lows from which it pushed up towards the end of last year.

That’s why some analysts believe that SHIB might rotate back up from here and deliver some solid gains. Per CoinCodex, SHIB is predicted to trade in a channel between $0.00001 and $0.000055, delivering a 336% potential return.

But as investors continue to take flight to new utility tokens with solid fundamentals and brighter prospects, SHIB may struggle to hit that target.

SHIB whales flock into RTX

As the SHIB price crumbles, savvy investors are jumping ship to RTX, a low-cap crypto gem that top analysts believe will bless investors with gigantic yields this year.

Crypto whales have already gobbled up over 532 million RTX tokens, pushing the Remittix presale past the $14.7 million mark. SHIB holders are believed to be among the top investors diversifying into this low-cap crypto gem. Join them and grab your share!

Discover the exciting opportunities of the Remittix (RTX) presale today!

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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